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Registros recuperados: 42 | |
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Palmer, Karen L.; Burtraw, Dallas. |
In the mid-1990s, when the Federal Energy Regulatory Commission was preparing to release Order 888 requiring open access to the transmission grid, the commission, environmental groups, and the Environmental Protection Agency, among others, raised the question of how open access and greater competition in wholesale electricity markets might affect the environment. If open access worked as expected, underutilized older coal-fired generators in the Midwest and elsewhere might find new markets for their power, leading to associated increases in air pollution emissions. Restructuring also might lead to retirements of inefficient nuclear facilities, whose generation would be replaced by fossil generation, further increasing emissions. On the other hand, some... |
Tipo: Working or Discussion Paper |
Palavras-chave: Electricity; Electric utilities; Regulation; Competition; Environment; Air pollution; Natural gas; Coal; Nuclear; Renewables; Customer choice; Resource /Energy Economics and Policy; L51; L94; L98. |
Ano: 2005 |
URL: http://purl.umn.edu/10656 |
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Palmer, Karen L.; Burtraw, Dallas. |
This paper investigates the regional air pollution effects that could result from new opportunities for inter-regional power transmission in the wake of more competitive electricity markets. The regional focus is important because of great regional variation in the vintage, efficiency and plant utilization rates of existing generating capacity, as well as differences in emission rates, cost of generation and electricity price. Increased competition in generation could open the door to changes in the regional profile of generation and emissions. We characterize the key determinant of changes in electricity generation and transmission as the relative cost of electricity among neighboring regions. In general, low cost regions are expected to export power... |
Tipo: Working or Discussion Paper |
Palavras-chave: Air pollution; Electricity restructuring; Transmission; Environmental Economics and Policy; L94; Q25; Q28. |
Ano: 1996 |
URL: http://purl.umn.edu/10766 |
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Bohi, Douglas R.; Burtraw, Dallas. |
The SO2 trading program has achieved reductions in emissions ahead of schedule, with allowance prices below the marginal costs that were anticipated for the program. This paper explores the experience with the program and proposes a taxonomy of reasons why allowance prices are low. The overarching reason is that the most costly investments to accommodate full emission reductions have been successfully delayed. Application of a discount rate to these long run marginal costs yields an estimate of allowance price close to that observed today. Several factors have contributed to the delay in bearing these costs, and helped to reduce their magnitude. One group of factors stems from market fundamentals, especially the cost of rail transport of low sulfur coal. A... |
Tipo: Working or Discussion Paper |
Palavras-chave: Environmental Economics and Policy. |
Ano: 1997 |
URL: http://purl.umn.edu/10878 |
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Burtraw, Dallas. |
Title IV of the 1990 amendments to the Clean Air Act initiated a historic experiment in incentive-based environmental regulation through the use of tradable allowances for emission of sulfur dioxide by electric generating facilities. To date, relatively little allowance trading has taken place; however, the costs of compliance have been much less than anticipated. The purpose of this paper is to address the apparent paradox that the allowance trading program may not require (very much) trading to be successful. Title IV represented two great steps forward in environmental regulation: first a move toward performance standards and second formal allowance trading. The first step has been sufficient to date for improving dynamic efficiency and achieving... |
Tipo: Working or Discussion Paper |
Palavras-chave: Emission trading; SO2; Clean Air Act; Cost-effectiveness; Incentive-based regulation; Environmental Economics and Policy; Q25; Q28; Q48; L51. |
Ano: 1996 |
URL: http://purl.umn.edu/10682 |
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Burtraw, Dallas. |
This paper reports on four areas of research concerning Title IV of the 1990 Clean Air Act Amendments that regulates emissions of SO2 from electricity generation. The first is the costs of the program over the long-run as estimated from the current perspective taking into account recent changes in fuel markets and technology. We compare projected costs with potential cost savings that can be attributable to formal trading of emission allowances. The second area is an evaluation of how well allowance trading has worked to date. The third area is the relationship between compliance costs and economic costs from a general equilibrium perspective. The fourth area is a comparison of benefits and costs for the program. |
Tipo: Working or Discussion Paper |
Palavras-chave: Acid rain; Benefit-cost analysis; Air pollution; Permit trading; Clean Air Act; Environmental Economics and Policy; H43; Q2; Q4. |
Ano: 1998 |
URL: http://purl.umn.edu/10885 |
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Goulder, Lawrence H.; Parry, Ian W.H.; Williams, Roberton C., III; Burtraw, Dallas. |
This paper employs analytical and numerical general equilibrium models to examine the costs of achieving pollution reductions under a range of environmental policy instruments in a second-best setting with pre-existing factor taxes. We compare the costs and overall efficiency impacts of emissions taxes, emissions quotas, fuels taxes, performance standards, and mandated technologies, and explore how costs change with the magnitude of pre-existing taxes and the extent of pollution abatement. We find that the presence of distortionary taxes raises the costs of pollution abatement under each instrument relative to its costs in a first-best world. This extra cost is an increasing function of the magnitude of pre-existing tax rates. For plausible values of... |
Tipo: Working or Discussion Paper |
Palavras-chave: General equilibrium efficiency analysis; Environmental instrument choice; Second-best regulation; Environmental Economics and Policy; D58; H21; L51. |
Ano: 1998 |
URL: http://purl.umn.edu/10522 |
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Registros recuperados: 42 | |
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